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Cipher Digital (NASDAQ: CIFR) is a Bitcoin mining company dedicated to expanding and strengthening the Bitcoin network’s critical infrastructure in the United States.
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Bernstein Research Labels Bitcoin Miners TeraWulf and Cipher Digital as AI’s “Electricity Landlords”
Bernstein initiated coverage on Bitcoin mining companies TeraWulf and Cipher Digital, assigning both an “Outperform” rating with price targets of $36 and $32, respectively, citing their transition toward AI infrastructure platforms, leveraging their secured power resources and site advantages.
Bitcoin mining company Cipher Digital secures $200 million credit facility to accelerate HPC expansion
According to GlobeNewswire, Nasdaq-listed Bitcoin mining company Cipher Digital announced it has secured a $200 million revolving credit facility backed by multiple global financial institutions. The new capital will be used to enhance liquidity and further expand its AI and HPC data center platform capabilities. Additionally, the company disclosed in its Q1 financial report revenue of $35 million and the signing of its third AI data center campus lease agreement.